Discretionary trusts can come in a number of forms. The most recognised trusts in Australia are family trusts and testamentary discretionary trusts. The trustees of both the family trust and testamentary trust are provided with similar powers which provide them with the necessary discretion to distribute property between those nominated within the will. Advantages to [...]
What Probate Law Is
December 6th, 2009 | Posted in Blog, Estate Law | No Comments
Within Australia, probate law relates to the legal process of distributing the assets registered within a deceased estate. Probate law touches upon many areas of succession including how a deceased estate is to be administrated, whether wills are valid or have previously been revoked, and in highly contentious situations such as the deceased estate of [...]
What is a Deceased Estate
October 12th, 2009 | Posted in Blog, Estate Law | No Comments
When a person dies, their assets and possessions in totality are known as their estate. Technically, as long as these possessions were kept by the person who has died, any possession may enter what is known as the deceased estate, although the term is held to refer to items of considerable value, whether financial or [...]
Estate Law
October 12th, 2009 | Posted in Blog, Estate Law | No Comments
The laws governing the distribution of a deceased person’s assets are, in many ways, among the most interesting and challenging sections of the law of the land – not only in Australia, but worldwide. Where in most cases of law, the dispute or discrepancy is between two living people or entities, estate law covers the [...]
About Deceased Estate Law
October 12th, 2009 | Posted in Blog, Estate Law | No Comments
In the aftermath of a person’s death, there are already enough reasons for the family to be upset, and the execution of the will and distribution of assets is something which should be as straightforward as possible to ensure that there is no dispute or upset between the people who receive portions of the assets [...]